1320 E 38th Pl UNIT 1320ATulsaOK74105
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Tulsa at 1320 E 38th Pl UNIT 1320A, Tulsa, OK, 74105 generates $1,154/mo in rent, after a $905/mo payment. Total monthly income is $1,154/mo. Return on cash invested sits at 14.31% in year one, and rental yield is 7.49% on a $184,900 entry. Equity gained on principal adds $1,193/yr, while 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 74.97% and total cumulative return in cash sums $45,955. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,154/mo property income rather than buyer’s personal income.
Condo
Built in 1948
N/A lot
$N/A/sqft
$259 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74105, Tulsa, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,306 (100%) |
| Owner Occupied HU | 6,877 (44.9%) |
| Renter Occupied HU | 6,922 (45.2%) |
| Vacant Housing Units | 1,507 ( 9.8%) |
| Median Home Value | $356,096 |
| Average Home Value | $435,256 |
Housing Distribution
Address Breakdown
Residential
13,989
Single Family
12,033
Multi-Family
1,956
Businesses
932
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Listed by: Nella Colby • Coldwell Banker Select
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2522514
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.